Save for your future the easy & affordable way
The Fidelity SimpleStartSM IRA is a simplified approach to opening a Traditional or Roth IRA. All it takes is an easy application and $200 a month to start saving for your future. And by choosing automatic investments, you also avoid the $2,500 minimum to open an account.
- Easy electronic transfers from your bank to your IRA ensure your commitment to a retirement plan.
- Choose from a full range of funds, including stocks, bonds, CDs, and money market accounts. Or, for an easy approach to investing, consider Fidelity Freedom Funds® where you simply pick the fund that most closely matches your retirement date.
Take advantage of this "hands-off" approach to retirement investing today. Open a SimpleStart IRA. (Requires log in)
Open your Roth or Traditional IRA in 15 minutes.
Hypothetically, here’s what $200 a month could do for you.
This hypothetical example assumes the following: (1) monthly $250 and $200 IRA contributions made on the first of each month beginning at age 25 and continuing through age 70, (2) annual rate of return of 7%, compounded monthly, and (3) no taxes on any earnings within the IRA. The ending values do not reflect taxes, fees, or inflation. If they did, amounts would be lower. Earnings and pre-tax (deductible) contributions from Traditional IRAs are subject to taxes when withdrawn. Earnings distributed from Roth IRAs are income tax-free provided certain requirements are met. IRA distributions before age 59½ may also be subject to a 10% penalty. Systematic investing does not ensure a profit and does not protect against loss in a declining market. This example is for illustrative purposes only and does not represent the performance of any security.
